Click here to close now.

SYS-CON MEDIA Authors: Bob Gourley, Mike Kavis, Elizabeth White, John Treadway, SmartBear Blog

News Feed Item

DuSolo's Pit Opening Program at Bomfim Intersects 4 Meters of 20% P2O5 in a New High-grade Target "Tataco"

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/14/14 -- DuSolo Fertilizers Inc., (TSX VENTURE: DSF)(PINKSHEETS: ELGSF)(FRANKFURT: E6R) ("DuSolo" or "the Company") is very pleased to announce excellent lab results from a recent pit opening campaign on a newly discovered target-"Tataco" at the Bomfim Project, Tocantins. PIT-TT-01 intersected from surface, 4.00 meters at 10.43% P2O5 including 2 meters at 14.92% P2O5 and remains open at depth. PIT-TT-04 intersected from surface, 6.00 meters at 15.08% P2O5 including 4.00 meters at 20.05% P2O5 which also remains open at depth.

The Tataco Target is located to the north-west of DuSolo's Santiago Target and based on detailed mapping (1:10,000 scale) extends 4km along strike. The distance between the high-grade mineralization (phosphorite) discovered in PIT-TT-01 at the northwest portion of the target and the high grade mineralization discovered in PIT-TT-04 at the southeast portion of the target is 2.5km.

A total of five test pits were opened to date with the best high-grade (greater than 10% P2O5) results shown below:


----------------------------------------------------------------------------
                               Interval
Pit ID     From (m)  To (m)  length (m)  P2O5 (%)                Observation
----------------------------------------------------------------------------
                                                       Phosphorite - Open in
PIT-TT-01      0.00    4.00        4.00     10.43                      depth
including      0.00    2.00        2.00     14.92               From surface
----------------------------------------------------------------------------
                                                       Phosphorite - Open in
PIT-TT-04      0.00    6.00        6.00     15.08                      depth
including      0.00    4.00        4.00     20.05               From surface
----------------------------------------------------------------------------

The Bomfim Project has now ten (10) targets identified to host both high and lower grade phosphate mineralization. The Initial Resource Estimate based on drilling over limited areas within three (3) of these ten (10) targets combine to a measured and indicated resource estimate of .462Mt @ 11.88% P2O5 and an additional 18.2Mt @ 6.32% P2O5 of inferred resources (using a 3% P2O5 cut-off grade). The Company will include the Tataco target in the upcoming drill campaign planned to commence shortly at Bomfim.

"All the Company's data obtained to date supports our interpretation that the MbAC Fertilizer "Canabrava" deposit and our Santiago and Tataco Targets are connected geologically. With this new discovery the potential in and around Santiago has increased dramatically. The superior grades and location of these two targets along the same strike are very encouraging as they support our assertion that we are in possession of a very important part of the phosphate belt. It is for this reason that we are now very keen to investigate the area further by way of drilling." Commented Paulo Amorim, DuSolo's VP of Exploration.

The Company implements industry recognized QAQC methods at the project. Intertek Laboratories (Intertek) of Sao Paulo Brazil, was used for analytical work reported in this news release. Intertek is part of an international group of certified (ISO 9001:2008) laboratories recognized in industry for geochemical and agricultural testing. Determination of P2O5 was done by Intertek method XR55L which prepared the sample with a lithium tetraborate fusion followed by XRF analysis. Intertek is independent of the Company.

Mauricio Prado, Bomfim Project Manager, is a Qualified Person within the definition of National Instrument 43-101 ("NI 43-101"). Mr. Prado is satisfied that the processes used by Intertek Laboratories are standard industry operating procedures and methodologies, and he has reviewed, approved and verified the technical information disclosed in this news release (other than the mineral resource estimates) including sampling, analytical and test data underlying the technical information.

The Qualified Person who prepared the mineral resource estimates presented in this news release is Mr. Porfirio Cabaleiro Rodriguez (MAIG), who is a mining engineer, independent of Dusolo and an employee of Coffey Consultoria e Servicos Ltda., a branch of Coffey International in Brazil ("Coffey"). Mr.Rodriguez is responsible for the mineral resource estimates in this news release.

FURTHER DEVELOPMENTS

The Company wishes to inform that it has increased and re-closed the final tranche (previously announced closed April 1, 2014) of its oversubscribed non-brokered private placement in the amount of 394,736 shares or $75,000 CND at a price of nineteen (19) cents per share for a total of 16,184,201 shares or $3,075,000 CND. There are no warrants attached to this offering.

ABOUT THE COMPANY

DuSolo Fertilizers Inc. is focused on developing a fully integrated process to produce phosphate based fertilizers within the Cerrado region of Brazil as part of a nationwide effort, incentivized by the government to increase supply of domestically sourced fertilizers and achieve agricultural self sufficiency.

The Company's shares are publicly traded on the TSX Venture Exchange under the symbol DSF, on the OTC Pink Sheets under the symbol ELGSF and on Frankfurt Stock Exchange under the symbol E6R.

On behalf of the Board of Directors

DuSolo Fertilizers Inc.

Eran Friedlander, President

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Health care systems across the globe are under enormous strain, as facilities reach capacity and costs continue to rise. M2M and the Internet of Things have the potential to transform the industry through connected health solutions that can make care more efficient while reducing costs. In fact, Vodafone's annual M2M Barometer Report forecasts M2M applications rising to 57 percent in health care and life sciences by 2016. Lively is one of Vodafone's health care partners, whose solutions enable o...
Dave will share his insights on how Internet of Things for Enterprises are transforming and making more productive and efficient operations and maintenance (O&M) procedures in the cleantech industry and beyond. Speaker Bio: Dave Landa is chief operating officer of Cybozu Corp (kintone US). Based in the San Francisco Bay Area, Dave has been on the forefront of the Cloud revolution driving strategic business development on the executive teams of multiple leading Software as a Services (SaaS) ap...
SYS-CON Events announced today that Vicom Computer Services, Inc., a provider of technology and service solutions, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. They are located at booth #427. Vicom Computer Services, Inc. is a progressive leader in the technology industry for over 30 years. Headquartered in the NY Metropolitan area. Vicom provides products and services based on today’s requirements...
The 5th International DevOps Summit, co-located with 17th International Cloud Expo – being held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the...
What exactly is a cognitive application? In her session at 16th Cloud Expo, Ashley Hathaway, Product Manager at IBM Watson, will look at the services being offered by the IBM Watson Developer Cloud and what that means for developers and Big Data. She'll explore how IBM Watson and its partnerships will continue to grow and help define what it means to be a cognitive service, as well as take a look at the offerings on Bluemix. She will also check out how Watson and the Alchemy API team up to off...
The IoT Bootcamp is coming to Cloud Expo | @ThingsExpo on June 9-10 at the Javits Center in New York. Instructor. Registration is now available at http://iotbootcamp.sys-con.com/ Instructor Janakiram MSV previously taught the famously successful Multi-Cloud Bootcamp at Cloud Expo | @ThingsExpo in November in Santa Clara. Now he is expanding the focus to Janakiram is the founder and CTO of Get Cloud Ready Consulting, a niche Cloud Migration and Cloud Operations firm that recently got acquir...
The 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, APM, APIs, Microservices, Security, Big Data, Internet of Things, DevOps and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding bu...
How do you securely enable access to your applications in AWS without exposing any attack surfaces? The answer is usually very complicated because application environments morph over time in response to growing requirements from your employee base, your partners and your customers. In his session at 16th Cloud Expo, Haseeb Budhani, CEO and Co-founder of Soha, will share five common approaches that DevOps teams follow to secure access to applications deployed in AWS, Azure, etc., and the frict...
SYS-CON Media announced today that John Treadway’s blog has exceeded 475,000 page views. John Treadway, Vice President at Cloud Technology Partners, has surpassed 475,000 page views on the SYS-CON family of online magazines, which includes Cloud Computing Journal, Internet of Things Journal, Big Data Journal, Microservices Journal, and several others. His blog home page at SYS-CON can be found at JohnTreadway.SYS-CON.com.
ProfitBricks has launched its new DevOps Central and REST API, along with support for three multi-cloud libraries and a Python SDK. This, combined with its already existing SOAP API and its new RESTful API, moves ProfitBricks into a position to better serve the DevOps community and provide the ability to automate cloud infrastructure in a multi-cloud world. Following this momentum, ProfitBricks has also introduced several libraries that enable developers to use their favorite language to code ...
SYS-CON Events announced today that Column Technologies, a global technology solutions company, will exhibit at SYS-CON's DevOps Summit 2015 New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. Established in 1998, Column Technologies is a leader in application performance and infrastructure management for commercial and federal markets. The company is headquartered in the United States, with a diverse and talented team of more than 350 employees around th...
SYS-CON Events announced today that Blue Box has been named “Bronze Sponsor” of SYS-CON's DevOps Summit New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. Blue Box delivers Private Cloud as a Service (PCaaS) to a worldwide customer base. Built on a technology platform leveraging decades of operational expertise in cloud and distributed systems, Blue Box Cloud is a managed private cloud product available in both hosted and on-prem versions. Each Blue Box ...
SYS-CON Events announced today Sematext Group, Inc., a Brooklyn-based Performance Monitoring and Log Management solution provider, will exhibit at SYS-CON's DevOps Summit 2015 New York, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Sematext is a globally distributed organization that builds innovative Cloud and On Premises solutions for performance monitoring, alerting and anomaly detection (SPM), log management and analytics (Logsene), search analytics (S...
SYS-CON Events announced today Isomorphic Software, the global leader in high-end, web-based business applications, will exhibit at SYS-CON's DevOps Summit 2015 New York, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Isomorphic Software is the global leader in high-end, web-based business applications. We develop, market, and support the SmartClient & Smart GWT HTML5/Ajax platform, combining the productivity and performance of traditional desktop software ...
SYS-CON Events announced today Arista Networks will exhibit at SYS-CON's DevOps Summit 2015 New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. Arista Networks was founded to deliver software-driven cloud networking solutions for large data center and computing environments. Arista’s award-winning 10/40/100GbE switches redefine scalability, robustness, and price-performance, with over 3,000 customers and more than three million cloud networking ports depl...